JFNAX vs. GGHCX
JFNAX (Janus Henderson Global Life Sciences Fund Class A) and GGHCX (Invesco Health Care Fund) are both Health & Biotech Equities funds. Over the past 10 years, JFNAX returned 10.90%/yr vs 6.83%/yr for GGHCX. Their correlation of 0.94 means they have usually moved in the same direction. JFNAX charges 0.98%/yr vs 1.04%/yr for GGHCX.
Performance
JFNAX vs. GGHCX - Performance Comparison
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Returns By Period
In the year-to-date period, JFNAX achieves a 7.42% return, which is significantly higher than GGHCX's 1.37% return. Over the past 10 years, JFNAX has outperformed GGHCX with an annualized return of 10.90%, while GGHCX has yielded a comparatively lower 6.83% annualized return.
JFNAX
- 1D
- -0.56%
- 1M
- -3.51%
- 6M
- 6.34%
- YTD
- 7.42%
- 1Y
- 36.72%
- 3Y*
- 13.35%
- 5Y*
- 7.97%
- 10Y*
- 10.90%
- ALL TIME*
- 15.01%
GGHCX
- 1D
- -0.48%
- 1M
- -4.66%
- 6M
- 2.35%
- YTD
- 1.37%
- 1Y
- 14.16%
- 3Y*
- 8.08%
- 5Y*
- 2.03%
- 10Y*
- 6.83%
- ALL TIME*
- 9.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
JFNAX vs. GGHCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JFNAX Janus Henderson Global Life Sciences Fund Class A | 7.42% | 24.61% | 3.41% | 7.35% | -2.86% | 6.59% | 25.42% | 28.98% | 4.00% | 22.35% |
GGHCX Invesco Health Care Fund | 1.37% | 15.48% | 3.96% | 3.05% | -13.53% | 12.05% | 14.52% | 32.01% | 0.27% | 15.51% |
Correlation
The correlation between JFNAX and GGHCX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2009 | 0.94 |
The correlation between JFNAX and GGHCX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
JFNAX vs. GGHCX — Risk / Return Rank
JFNAX
GGHCX
JFNAX vs. GGHCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Life Sciences Fund Class A (JFNAX) and Invesco Health Care Fund (GGHCX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JFNAX | GGHCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.20 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 1.20 | +2.77 |
| Martin ratioReturn relative to average drawdown | 12.28 | 2.62 | +9.66 |
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Drawdowns
JFNAX vs. GGHCX - Drawdown Comparison
The maximum JFNAX drawdown since its inception was -31.07%, smaller than the maximum GGHCX drawdown of -40.23%. Use the drawdown chart below to compare losses from any high point for JFNAX and GGHCX.
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Drawdown Indicators
| JFNAX | GGHCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.07% | -40.23% | +9.16% |
Max Drawdown (1Y)Largest decline over 1 year | -9.71% | -13.53% | +3.82% |
Max Drawdown (3Y)Largest decline over 3 years | -21.28% | -16.86% | -4.42% |
Max Drawdown (5Y)Largest decline over 5 years | -22.29% | -25.37% | +3.08% |
Max Drawdown (10Y)Largest decline over 10 years | -27.39% | -29.34% | +1.95% |
Current DrawdownCurrent decline from peak | -4.29% | -4.94% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -6.25% | -8.80% | +2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 6.17% | -3.04% |
Volatility
JFNAX vs. GGHCX - Volatility Comparison
The current volatility for Janus Henderson Global Life Sciences Fund Class A (JFNAX) is 4.55%, while Invesco Health Care Fund (GGHCX) has a volatility of 4.81%. This indicates that JFNAX experiences smaller price fluctuations and is considered to be less risky than GGHCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JFNAX | GGHCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 4.81% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 12.36% | 11.56% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.75% | 14.34% | +1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 15.72% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.38% | 17.45% | -0.07% |
JFNAX vs. GGHCX - Expense Ratio Comparison
JFNAX has a 0.98% expense ratio, which is lower than GGHCX's 1.04% expense ratio.
Dividends
JFNAX vs. GGHCX - Dividend Comparison
JFNAX's dividend yield for the trailing twelve months is around 4.24%, less than GGHCX's 5.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGHCX Invesco Health Care Fund | 5.61% | 5.69% | 5.17% | 0.00% | 0.00% | 24.69% | 6.44% | 3.51% | 8.81% | 6.88% | 2.24% | 15.07% |
JFNAX Janus Henderson Global Life Sciences Fund Class A | 4.24% | 4.56% | 5.74% | 4.28% | 0.08% | 9.90% | 7.82% | 6.18% | 13.55% | 1.03% | 0.97% | 8.93% |
Frequently Asked Questions
With a correlation of 0.93, JFNAX and GGHCX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GGHCX has higher volatility (4.81%) compared to JFNAX (4.55%). In terms of maximum drawdown, JFNAX dropped -31.07% vs GGHCX's -40.23%.
JFNAX currently has the higher Sharpe Ratio (2.45 vs 1.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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